Posted by Leonard Steinberg on May 10th, 2012 A few days after the Occupy Wall Streeters protested economic inequality in May Day rallies across the U.S.A, a study has concluded that the ability to become rich may depend on where you live….and New York is at the top of that list! Residents of three East… [Read More]
500 WEST 23rd STREET GETTING A CVS
Posted by Leonard Steinberg on May 9th, 2012 CVS is coming to the corner of Tenth Avenue and 23rd Street in the new Sam Zell rental building. This ends rumors that a Citarella was coming. While a CVS is certainly not a Citarella, I do think its addition to the neighborhood is extremely useful: Right… [Read More]
MONARCH BUTTERFLIES ARRIVE IN NEW YORK EARLY?
Posted by Leonard Steinberg on May 7th, 2012 The Monarch butterflies have landed at the HUDSON RIVER PARK. ….but aren’t they supposed to come in June? Yesterday while strolling down the park I witnessed thousands of these magnificent butterflies scattered over the magical lavender-colored beds of Catmint, New York’s equivalent to Provence’s lavender. Were they… [Read More]
SNOOKIFIED!
Posted by Leonard Steinberg on May 6th, 2012 Yesterday was one of those rare and wonderful days where I could take off some time in the afternoon to enjoy a CITY DAY: I met a good friend for lunch at Jean Georges (exquisitely renovated in ONE week – all contractors and designers take note –… [Read More]
BETTING ON THE ECONOMY….
Posted by Leonard Steinberg on May 4th, 2012 When Warren Buffet speaks, I listen: To-day he said the tepid economic US growth is directly related to the housing market. The minute construction picks up, so too will the economy as construction fuels job growth and spending. Right now I am aware of several thousand new apartments in… [Read More]
OCCUPY WALL STREET: EAST SWITCHES WITH THE WEST?
Posted by Leonard Steinberg on MAYDAY, 2012 Mayday celebrations re-kindled the fuel of Occupy Wall Streeters to-day and it made me wonder: Is Western society becoming more socialist in its thinking while traditional communist countries embrace capitalism? China, Russia, Georgia and other traditionally communist countries are thriving with a capitalist spirit that is elevating millions… [Read More]
DIRTY DECEMBER APPROACHING FAST
Posted by Leonard Steinberg on May 1st, 2012 I know its early, but each year December rolls around and we are all scrambling to write Christmas and Holliday cards and plan gifts: if only we had started earlier in the year! This year, an election year, planning for December is lots more important. At the… [Read More]
SELLER REMORSE: A NEW TREND?
Posted by Leonard Steinberg on April 30th, 2012 We have identified a new trend: sellers who once confronted with good offers and lots of interest in their properties decide to not sell and withdraw from the market ….and stay put. Many of these sellers who are forced quickly into putting on their buyer’s hats realize… [Read More]
NEW WEST CHELSEA PRICING RECORD SET AT 200 11th AVE
A new sales price record for West Chelsea: We just closed on an apartment at 200 Eleventh Avenue at $ 2,800/sf.
IS HOME OWNERSHIP FADING IN FAVOR OF RENTING?
Posted by Leonard Steinberg on April 24th, 2012 The press is reporting that the U.S. homeownership rate may fall two percentage points to 64 percent, below historic norms, amid about six million additional foreclosures and tight lending standards, according to Pacific Investment Management Co.’s Scott Simon. This translates to about 4 million homeowners turning into renters…. [Read More]